Empire Financial Management Company LLC Acquires 2,445 Shares of Honeywell International Inc. (NASDAQ:HON)

Empire Financial Management Company LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 26.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,779 shares of the conglomerate’s stock after acquiring an additional 2,445 shares during the period. Empire Financial Management Company LLC’s holdings in Honeywell International were worth $2,435,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GPS Wealth Strategies Group LLC boosted its holdings in Honeywell International by 14.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,924 shares of the conglomerate’s stock valued at $411,000 after acquiring an additional 249 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Honeywell International by 6.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 75,921 shares of the conglomerate’s stock valued at $16,212,000 after purchasing an additional 4,647 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted its stake in shares of Honeywell International by 6.5% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 1,533 shares of the conglomerate’s stock valued at $327,000 after purchasing an additional 94 shares during the last quarter. Corundum Group Inc. raised its stake in Honeywell International by 52.8% during the second quarter. Corundum Group Inc. now owns 7,726 shares of the conglomerate’s stock worth $1,650,000 after buying an additional 2,670 shares during the last quarter. Finally, Red Door Wealth Management LLC lifted its holdings in Honeywell International by 8.1% in the second quarter. Red Door Wealth Management LLC now owns 24,596 shares of the conglomerate’s stock valued at $5,252,000 after buying an additional 1,844 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group reiterated a “buy” rating and set a $298.00 price target (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Morgan Stanley assumed coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Barclays boosted their price target on Honeywell International from $252.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. lowered their price objective on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $244.36.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $229.08 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock has a market cap of $148.96 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 2.82 and a beta of 1.05. The stock’s fifty day simple moving average is $219.12 and its two-hundred day simple moving average is $211.03. Honeywell International Inc. has a 1-year low of $189.66 and a 1-year high of $242.77.

Honeywell International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 15th were issued a dividend of $1.13 per share. The ex-dividend date was Friday, November 15th. This is a boost from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a yield of 1.97%. Honeywell International’s payout ratio is 52.19%.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.